Vodafone Talking With Swisscom on Sale of Italian Network

Vodafone announced Wednesday it’s in exclusive talks with Swisscom to sell Vodafone Italia for nearly $8.7 billion. Swisscom has plans that include combining Vodafone Italia with Fastweb, its Italian network provider. “The planned merger of Vodafone Italia and Fastweb would bring together complementary high-quality mobile and fixed infrastructures, competencies, and capabilities to create a leading converged challenger,” Swisscom said.